Punch & Associates Investment Management Inc. lessened its stake in First Western Financial, Inc. (NASDAQ:MYFW – Free Report) by 13.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 270,945 shares of the company’s stock after selling 40,557 shares during the period. Punch & Associates Investment Management Inc.’s holdings in First Western Financial were worth $7,264,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in First Western Financial by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 1,631 shares of the company’s stock worth $38,000 after acquiring an additional 441 shares during the period. Focus Partners Wealth purchased a new position in First Western Financial in the third quarter worth approximately $49,000. JPMorgan Chase & Co. grew its position in First Western Financial by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 7,350 shares of the company’s stock worth $169,000 after acquiring an additional 1,555 shares during the period. R Squared Ltd purchased a new position in First Western Financial in the fourth quarter worth approximately $208,000. Finally, Jane Street Group LLC purchased a new position in First Western Financial in the second quarter worth approximately $245,000. Institutional investors and hedge funds own 60.26% of the company’s stock.
Insider Activity at First Western Financial
In other news, CEO Scott C. Wylie sold 1,083 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $28.52, for a total transaction of $30,887.16. Following the completion of the transaction, the chief executive officer directly owned 756,729 shares in the company, valued at $21,581,911.08. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 13.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on First Western Financial
First Western Financial Trading Down 1.0%
Shares of First Western Financial stock opened at $29.63 on Wednesday. First Western Financial, Inc. has a fifty-two week low of $20.40 and a fifty-two week high of $31.24. The stock has a 50 day moving average of $28.12 and a 200 day moving average of $26.35. The firm has a market capitalization of $288.30 million, a price-to-earnings ratio of 19.12 and a beta of 0.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.05.
First Western Financial (NASDAQ:MYFW – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.44 by $0.19. First Western Financial had a return on equity of 5.74% and a net margin of 8.02%.The business had revenue of $27.58 million during the quarter, compared to analyst estimates of $27.30 million. As a group, research analysts predict that First Western Financial, Inc. will post 2.44 earnings per share for the current year.
About First Western Financial
First Western Financial, Inc (NASDAQ: MYFW) is a Denver-based bank holding company that, through its principal subsidiary First Western Trust, delivers a suite of personalized financial services. The company’s core activities center on wealth management and trust administration for high-net-worth individuals, families and institutions. In addition, First Western Financial offers a comprehensive range of deposit products—such as checking accounts, savings accounts, money market funds and certificates of deposit—designed to meet the liquidity and income needs of its clients.
Complementing its deposit offerings, First Western Financial provides fiduciary and investment management services, including estate planning, charitable giving strategies and multi-generational wealth transfer.
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